Insurers seek faster claims processing and shared data controls as...

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2026-08-07 15:55:16

Insurers seek faster claims processing and shared data controls as blockchain adoption remains constrained by implementation complexity

The global Blockchain in Insurance Market was valued at USD 5.66 Billion in 2025 and is projected to reach USD 154.71 Billion by 2035. Insurers are evaluating blockchain and distributed ledger technology to reduce duplicated records, automate claims workflows, improve data sharing, and create auditable transaction histories. Demand is also supported by growth in digital insurance products and...

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